Servos, motors and actuators driving robotic components market toward healthy $2.4 billion in 2016

NEW YORK, USA: Servos, motors, and actuators will show significantly higher growth rates than the overall robot market, due to the increasing complexity of robots. ABI Research forecasts robotic component revenues to exceed $2.36 billion in 2016, in a total robotics market of some $22 billion.

“Continuing global economic instability (as well as man-made or natural disasters such as the recent earthquake in Japan) could impact demand for robots and their components, while rising commodity costs can mean more expensive components.”
In addition, components such as wheels, microcontrollers, and battery units, will show high unit shipping volumes, due to their use on multiple types of robots, particularly in the personal robot segment.

According to research director Philip Solis: “Today, personal robots are leading the market with 97 percent of unit shipments, although military, industrial and medical robots, due to their much higher ASPs, deliver almost twelve times as much overall revenue. The greater complexity of new models, and growing demand for that complexity, require more expensive parts and materials.”

On the downside, Solis notes, “Continuing global economic instability (as well as man-made or natural disasters such as the recent earthquake in Japan) could impact demand for robots and their components, while rising commodity costs can mean more expensive components.”